And in America, we don’t negotiate with terrorists! Except for when we do! [RCP]
Obama
Much has been made of the supposed falling out between President Obama and Wall Street since he was elected. What started out as beautiful bromance quickly appeared to devolve into public insults and both sides saying stuff like “he never mattered that much to me,” when you know such was not the case. Many have wondered if the anti-business rhetoric will drive the executives into the arms of another man. Apparently the answer is no. While some wounds are still open and there’s a lot of work that needs to be done in order for everyone to trust each other with his heart, it’s at least looking like they still want to be together. Continue reading »
So Obama and Wall Street, who once had a love that not only did not dare not speak its name but rather shouted it from the roof of the NYSE and decided one night to get each others’ initials tattooed to their asses, apparently now “hate” each other. Supposedly the President doesn’t think Wall Street gets what it’s done wrong, and Wall Street feels unjustly maligned by the one guy they thought they could trust. So, you know, they want nothing to do with each other! Don’t call me, don’t text me, don’t think about me and don’t you even dare respond to this email because I’m not interested in hearing what you have to say we’re to infer one side probably said to the other at some point in these last few months. And now, there’s this: Continue reading »
Jamie and Lloyd weren’t invited (not that they’d slum it at something like this anyway), and James Gorman, Robert Wolf, Brian Moynihan and Bob Diamond declined to attend having other plans but Vikram will be there, Mr. President! With bells on! Continue reading »
Confidential To Brian Moynihan, The White House Is Just Using You To Rankle Jamie Dimon
By Bess Levin
Remember this?
Time was, Jamie Dimon was referred to as “Obama’s favorite banker.” And for a while, he really was! And why shouldn’t he be? He’s a lifelong Democrat, he basically put Obama in office, he attended the 3-day inauguration in support of his guy. He’s extremely good-looking. He loves universal healthcare. He’s got charm and charisma dripping out of every orifice, he was one of the CEOs who didn’t fuck up and he’s not Lloyd Blankfein. I won’t even get started on the fact that he’s the guy who’ll make you laugh and he’s handy around the house. (Just know that those attributes were not discounted by the president.) And for a while, things between O and D (and their respective kingdoms) was good. Really good. Obama seemed to understand that Dimon wasn’t cut from the same cloth as “baldy,” it looked like JPM wouldn’t get punished for the sins of its peers and the President would openly acknowledge how great Jamie was, especially compared to the low-hanging fruit at Citi. Continue reading »
In fact, if you must know? Welch thinks Obama’s done a “horrible” job with this thing. Too many “photo-ops,” not enough “solutions.” If Welch were dealing with this, he says he’d set up the “five best people in exploration and production” in an office space across the street from the White House. He’d visit them “between 5 and 6 every night” to check their progress, and he wouldn’t let them come out until they’d figured out how to fix this thing. Unfortunately Welch has his hands tied getting his online business school off the ground, and doesn’t have the time to deal with himself.
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